The launch of Intel ‘s latest artificial intelligence chip is expected to benefit three global semiconductor companies, according to Morgan Stanley. Intel unveiled its third-generation AI accelerator, Gaudi 3 , earlier this month. The semiconductor giant said the latest chip is twice as power-efficient and can run AI models one-and-a-half times faster than Nvidia’s H100 GPU …
New users who are looking to work out with the company’s app now only have access to two tiers that cost $12.99 a month or $24 a month, with the option of a seven-day free trial. Last May, Peloton debuted a splashy rebrand that billed the business as a fitness company for all, and put …
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed …
The near-term growth story for Nvidia remains promising amid ongoing demand for artificial intelligence processors, according to Morgan Stanley. The Wall Street investment bank raised its price target to $750 from $603 and reiterated an overweight investment rating ahead of the dominant AI chipmaker’s quarterly earnings release set for Feb. 21. The new price target …
NVIDIA Corporation stock market information seen displayed on a smartphone with the NVIDIA Corporation logo on the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images I have seen and heard many things that have made me cynical about the investment industry, but nothing pricks my ears when I …
Morgan Stanley and JPMorgan named their key China internet picks and the themes to watch right now. Both Wall Street banks indicated that it will be an alpha-driven market for the sector. “For 2024, we think an alpha-driven investment strategy will continue to offer good risk/reward,” JPMorgan said in a Jan. 16 note. “We think …
Internet stocks in Europe are set for gains in 2024 — thanks to improving fundamentals and falling interest rates, according to Morgan Stanley. The Wall Street bank’s analysts said they’re “positive on the sector” because of customer growth, cost discipline at companies, and valuations being supported by declining interest rates. The optimistic view on tech …
2023 has been a good year on the whole for the internet sector, but 2024 will still be “a stock picker’s play,” according to Morgan Stanley. “The internet sector has somewhat fairly carried a reputation for being a poorly performing sector in recent years. The one-liner often associated with our names points to higher interest …
NetEase got beat up amid concerns over proposed guidelines in China on gaming benefits. But Morgan Stanley doesn’t see that as a reason to flee. U.S.-listed shares of the Chinese internet stock tumbled more than 15% Friday. The stock was among those that nosedived after China surprised markets with draft guidelines focused on curbing incentives …
Non-artificial intelligence tech stocks that have struggled in 2023 have significant upside potential in 2024, according to Morgan Stanley. The investment bank’s tech analysts say that while AI and cloud computing stocks will likely continue to grow, their valuations are very high. AI chip maker Nvidia ‘s stock — after rising by 230% this year …